The Following Question Are Based on the Following Information

question 25

Multiple Choice

The following question are based on the following information:
A firm uses inputs of labor, fertilizer, and land to produce strawberries (which are sold to wholesalers and processors) . The quantity of land used is fixed at eight acres per season and the production function implies the relationships in the following table:

-It can be said that this firm experiences diminishing returns beyond the employment of the ________ unit of labor.

• A) first
• B) second
• C) third
• D) fourth
• E) fifth

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Definitions:

Perceptual Set

A mental predisposition to perceive one thing and not another.

Stereotypes

Overgeneralized beliefs about a particular group or category of people that can lead to prejudiced attitudes and behaviors.

Perceptual Adaptation

In vision, the ability to adjust to an artificially displaced or even inverted visual field.

Apparent Location

The perceived position of an object or event in space, which may differ from its actual position.